This week, the German finance minister said money should not be thrown ‘into a bottomless pit’ to save the euro, a view echoed by Bauder and Weber.

If Germany pays the bills, it must have a say in how the European Union ‘household’ is run, says analyst Ferdinand Fichtner of the German Institute for Economic Research.

“We have institutions in the monetary union like the ECB [European Central Bank], but also like the bailout funds, that can actually stop the euro from falling apart by investing a huge amount of money. I do not think that this is necessarily a good thing," Fichtner stated. "I think we have to discuss about whether countries should leave the monetary union, I think this is actually healing.”

Germany says it does not want the euro to break up but European leaders have failed to come up with a solution.

But Chancellor Merkel believes the simple household economics of prosperous Swabia could hold valuable lessons for the whole of Europe.

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